VE Commercial Vehicles Sales Up by 13% in January 2016
Published On Feb 03, 2016
VECV, a joint venture of Volvo group and Eicher Motors stated that Eicher branded trucks and buses observed a sales hike of 13 percent in January, 2016. The company sold 3,707 units of Eicher-branded buses and trucks which is around 13.64 percent hike over 3,262 units sold in January 2015.
In a report released to the press, VECV has stated that the commercial vehicles reportedly made a growth 13.59 percent in January 2016, by selling 3,768 units over 3317 units sold in January 2015. As per the statement, the domestic sales of of Eicher trucks and buses were recorded at 3,415 units in January 2016. In comparison with January 2015, the sales of the vehicles witnessed an increase of 17.6 percent at 2,905 units.
Eicher trucks and buses have observed a decline in the exports in this January recording 18.2 per cent decline with 292 units exported in January 2016 as against 357 units exported in January 2015.
The company further added that Volvo trucks observed a sales hike of 10.9 per-cent at 61 units sold in January 2016 against 55 units sold in January 2015.